News: P2P P2p Transport HY Net Loss Widens, page-2

I don't know how this stock is still trading.

The financials are a disaster with the auditors not in a position to satisfy themselves that it is a going concern (and rightfully so - just check out the current assets v current liabilities).

The company is in breach of loan covenants and in dire need of a capital raise. Who in their right mind would give them additional capital though given their track record to date?? They've got no hope of tapping the public markets again, even more so given the current market environment...

IMO this will not see the month out and if I was holding stock I would be getting out while I still can.